This property looks like a bad Mid-Term investment with a projected -13.3% first-year return on $171k initial cash invested.
-13.3%
Cash On Cash
3.8%
Cap Rate
0.58
DSCR
$5,014
Rent
-$1,898
Cashflow
Cash Flow
$5,014 income − $6,912 expenses = $1,898 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,299
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,014
Total Expenses
$6,912
Mortgage P&I
80%
$4,010
Property Taxes
19%
$940
Home Insurance
5%
$256
HOA
0%
$0
Property Management
12%
$602
CapEx
4%
$201
Vacancy
3%
$150
Maintenance
4%
$201
Other
11%
$552